"We are always looking for inorganic growth opportunities. We will continue to focus on opportunities to enhance the value of our industrial systems offerings through selected acquisitions," its chairman Gautam Thapar told shareholders at the 73rd annual general meeting here.

Crompton Greaves has already acquired six companies -- Pauwels in 2005, Ganz in 2006, Microsol in 2007, Sonomatra in 2008, MSE Power Systems in 2008 and the England-based Power Technology Solutions in 2010--in a span of five-years.

Crompton Greaves, a part of the Avantha Group,is engaged in designing, manufacturing and marketing technologically advanced electrical products and services related to power generation, transmission and distribution, besides executing turnkey projects.

"We expect smaller sales growth this fiscal but margin growth should continue. Our desire is to improve business in industrial systems to 25 per cent to lower our dependence on power systems," Thapar said.